1. Prepare the Income Statement for Executive Employment Service for the year ended December 31, 2024. 2. Prepare the Statement of Retained Earnings for the year ended December 31, 2024. 3. Prepare the Balance Sheet as of December 31, 2024. Data Table Land 109,000 Common Stock 26,000 Notes Payable (Long-term) 150,000 Accounts Payable 67,000 Property Tax Expense 23,300 Accounts Receivable 124,200 Dividends 43,000 Advertising Expense 14,000 Rent Expense 13,000 Building 164,100 Salaries Expense 153,000 Cash 42,200 Salaries Payable 101.400 Equipment 18,000 Professional Services Revenue 375,000 Insurance Expense 32,400 Office Supplies 28,000 Interest Expense 7.200 Retained Earnings, December 31, 2023 52,000 + Executive Employment Services Income Statement Year Ended, December 31, 2024 Revenues Total Revenues Expenses Professional Services Revenue 375,000 $ 375,000 Advertising Expense T S 14,000 Insurance Expense Interest Expense Property Tax Expense Rent Expense Salaries Expense Total Expenses Net Income 32.400 7,200 23,300 13,000 153,000 $ 242.900 $ 132,100 Editing